China’s polyol and fertilizer maker Shandong Hualu-Hengsheng Chemical announced on 30 April it is to start a 500kT/year ethylene glycol (EG) project, pending regulatory approval.
China’s compound polyurethane adhesives maker Comens New Material reported a 51% jump in net profit to CNY 17m ($2.6m) in Q1 2016.
Covestro signed contract with UK’s subsea cable maker Tekmar Energy in June to jointly develop cable protection systems (CPS) using polyurethane elastomers for China’s offshore wind farms.
China has been increasing its TDI production this year, according to China Polyurethane Industry Association’s vice general secretary Li Jianbo.
Haier’s 500,000 unit/year refrigerator plant in Russia’s Tatarstan started operation on April 22, according to the company’s press release.
Dow Polyurethanes signed a co-branding agreement in May with China’s leading sports shoe maker Xtep for its Softpad insoles adopting Dow Comfort Science’s Voralast PU memory foam.
Dow Polyurethanes is bullish about the opportunities offered by China’s 13th five-year plan for polyurethanes and sees possibilities in renewables, said Glenn Wright.
System house Hongbaoli posted its annual results in April, with a 10% gain in net profit to CNY 103m ($16m) on a 14% fall in revenue to CNY 1.8bn.
Zhejiang Wansheng, a maker of flame retardants for PU and other plastics based in Taizhou, posted a 101% rise in annual net profit to CNY 85m ($13m) on an 18% rise in revenue to CNY 880m in 2015.
After the explosion at a Tianjin storage site for hazardous chemicals including TDI in August 2015, the city has been rolling out plans to move chemical companies in the urban area to Nangang Industrial Zone on its coast.